From the army on the Potomac we have a dispatch from Lee, saying there have been several cavalry engagements during the last week, wherein our arms were successful. Lee will soon electrify us with another movement of his grand army, — such is the general belief.
From the West we learn that on Saturday last, Grant, no doubt driven to desperation by our occupation of Milliken's Bend cutting off his supplies and reinforcements, made a more furious attempt than ever to take Vicksburg by assault, and was repulsed disastrously. His loss is estimated at between 7000 and 10,000 men. Pemberton is now greatly praised by many people, while some of our officers shake their heads and say he is fighting with the halter around his neck, and that if he were not to fight and hold out to the last, his own men would hang him.
Notwithstanding the immense amount of goods brought in daily, the prices keep high.
SOURCE: John Beauchamp Jones, A Rebel War Clerk's Diary at the Confederate States Capital, Volume 1, p. 359